Dunzo vs Zepto: Founders, CEOs and History
Dunzo was founded in 2014 by Kabeer Biswas, Mukund Jha, Ankur Aggarwal. Zepto was founded in 2021 by Aadit Palicha, Kaivalya Vohra and is led by Aadit Palicha.
Company facts
Founders
Dunzo
Kabeer Biswas
Kabeer Biswas co-founded Dunzo in 2014 and was its CEO for about ten years. He started the service as a WhatsApp group in Bengaluru and raised money from Google in 2017 and Reliance Retail in 2022.
Mukund Jha
Mukund Jha co-founded Dunzo and was its Chief Technology Officer, building the dispatch and order-routing platform behind the app. He left Dunzo in 2023 and went on to co-found the AI startup Emergent.
Ankur Aggarwal
Ankur Aggarwal is one of Dunzo's four co-founders and worked on the early product and engineering that turned the WhatsApp service into an app. Like the other co-founders, he left before the company shut down.
Dalvir Suri
Dalvir Suri joined Dunzo early and is credited as a co-founder. He led operations and later Dunzo's merchant and B2B delivery business before leaving in 2023.
Zepto
Aadit Palicha
Aadit Palicha co-founded KiranaKart in 2020 and Zepto in 2021 with Kaivalya Vohra, and has led the company as CEO since its launch.
Kaivalya Vohra
Kaivalya Vohra co-founded KiranaKart and then Zepto with Aadit Palicha and has led its technology work. He is one of the company's promoters named in the 2026 IPO filings and, like Palicha, did not offer shares in the proposed OFS.
CEOs and their tenures
Dunzo
- Kabeer Biswas2014–2025
Co-founder & Chief Executive Officer
Started Dunzo on WhatsApp, raised about $450 million including Google's and Reliance Retail's investments, and led the 2021 move into quick commerce.
Source - Mukund Jha2014–2023
Co-founder & CTO
Built the dispatch and routing technology behind the Dunzo app.
Source - Dalvir Suri2015–2023
Co-founder
Led operations and the merchant and B2B delivery business.
Source
Zepto
- Aadit Palicha2021–present
Co-Founder & Chief Executive Officer
Has led Zepto since launch, growing it to ~$2.62 billion (₹22,624 crore) in FY26 revenue.
Source - Kaivalya Vohra2021–present
Co-Founder
Co-founder and promoter named in the 2026 IPO filings.
Source
Timeline: Dunzo and Zepto side by side
2014Dunzo
Dunzo starts as a WhatsApp group in Bengaluru
Kabeer Biswas begins taking errand requests over WhatsApp.
2017Dunzo
Google makes its first direct Indian startup investment
Google leads Dunzo's $12.3 million round in December 2017.
2021Dunzo
Dunzo Daily launches
Dunzo enters dark-store quick commerce with 15-to-20-minute grocery delivery.
2021Zepto
Zepto launches
The founders moved from the KiranaKart kirana-partnership model to company-run dark stores and launched Zepto in Mumbai.
2022Dunzo
Reliance Retail buys 25.8%
Reliance Retail invests about $200 million in a $240 million round valuing Dunzo near $775 million.
2023Dunzo
FY23 loss of ~$209 million (₹1,801.8 crore); dark stores closed
Revenue rises to ~$26.3 million (₹226.6 crore) but losses nearly quadruple; layoffs and salary delays follow.
2023Zepto
Reaches unicorn valuation
Raised $200 million at a $1.4 billion valuation in a round led by StepStone Group.
2024Zepto
$665M and $340M rounds
Raised $665 million at a $3.6 billion valuation in June and $340 million at a $5 billion valuation in August.
2025Dunzo
App goes offline; insolvency and Reliance write-off
Kabeer Biswas joins Flipkart in January, Reliance writes off ~$191 million (₹1,645 crore), and the NCLT admits Dunzo into insolvency.
2025Zepto
$7B valuation and confidential IPO filing
Raised $450 million at a $7 billion valuation in October and filed IPO papers confidentially with SEBI in December.
2026Zepto
Updated IPO prospectus filed
Filed its UDRHP on 8 June 2026 for a ~$929 million (₹8,010 crore) fresh issue plus an OFS, reporting FY26 revenue of ~$2.62 billion (₹22,624 crore).
2026Zepto
Listing delayed
Postponed the planned July listing over valuation and moved to raise pre-IPO funding first.
Questions about Dunzo vs Zepto
Who is the CEO of Dunzo and Zepto (Zepto Limited)?
Zepto (Zepto Limited) is currently led by Aadit Palicha. The current CEO or equivalent executive for Dunzo was not available in our dataset.
When was Dunzo founded vs Zepto (Zepto Limited)?
Dunzo was founded in 2014 — 7 years before Zepto (Zepto Limited), which was founded in 2021. Dunzo's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Zepto (Zepto Limited).
Where are Dunzo and Zepto (Zepto Limited) headquartered?
Both Dunzo and Zepto (Zepto Limited) are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded Dunzo and Zepto (Zepto Limited)?
Dunzo was founded by Kabeer Biswas, Mukund Jha, Ankur Aggarwal, Dalvir Suri. Zepto (Zepto Limited) was founded by Aadit Palicha, Kaivalya Vohra.
Which company has a longer operating history — Dunzo or Zepto (Zepto Limited)?
Dunzo has been operating for approximately 12 years, making it the more established of the two companies. Zepto (Zepto Limited) has been in operation for around 5 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Dunzo vs Zepto overview